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eight days away from hitting the debt ceiling. the treasury department warned credit markets could freeze. the dollar could plummet. interest rates will skyrocket. and we could see, quote, a recession that could echo the events of 2008 or worse. but senator toomey doesn't buy it. here he is this morning. >> there's zero chance that the u.s. government is going to default even its debt. it's unfortunate that people have conflated this idea of not raising the debt ceiling immediately on october 17th with somehow defaulting on our debt. i haven't heard any of my republican colleagues suggest that it might be okay to default on our debt. >> oh, yeah. no republican is saying it's okay to default except congressman yoho. he said it would bring stability to the world markets. oh, and then there's this star team of debt deniers. >> the debt ceiling has never not been raised. so there is no debt ceiling. >> i don't think the credit of the united states is going to be collapsed. i think all this talk about a default is a lot of false demago
eight days away from hitting the debt ceiling. the treasury department warned credit markets could freeze. the dollar could plummet. interest rates will skyrocket. and we could see, quote, a recession that could echo the events of 2008 or worse. but senator toomey doesn't buy it. here he is this morning. >> there's zero chance that the u.s. government is going to default even its debt. it's unfortunate that people have conflated this idea of not raising the debt ceiling immediately on...
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Jan 16, 2013
01/13
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one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move the last minute further out. if these guys need three to six months to do it up right and get a compromise. i'm willing to give them four to six months extra time. >> settling a debt ceiling issue is in the interest of the president and of our country. you have today fitch came out and threatened to decrease the credit rating and they are doing it in a way that areckless because you have outside observers looking at us and i want to highlight a point you made earlier which is the fact that all spending bills are in the constitution. we are looki
one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move...
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the debt ceiling is an objective, you know, cliff. and, you don't need the horsemen of apocalypse galloping down the street. it's nothing to play chicken with. you've heard the chorus saying it's nothing but kabuki. >> if it's not a nuclear bomb, people say oh, it's not that bad. and that would be unfair. thanks to all three >>> still out front. we have more details about why a navy seal team aborted a mission. >>> and the joyride that resulted in a confrontation between bikers and a driver of a suv. there were cops in the group, multiple cops, and they didn't do anything? >>> and a monster truck the lost control. we'll show you the deadly consequences. >>> and then the breaking bad ending you did not see. oked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's.
the debt ceiling is an objective, you know, cliff. and, you don't need the horsemen of apocalypse galloping down the street. it's nothing to play chicken with. you've heard the chorus saying it's nothing but kabuki. >> if it's not a nuclear bomb, people say oh, it's not that bad. and that would be unfair. thanks to all three >>> still out front. we have more details about why a navy seal team aborted a mission. >>> and the joyride that resulted in a confrontation between...
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Jan 15, 2013
01/13
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he wants to conduct those talks separately from the gop to raise the debt ceiling. he hopes by doing so he can avert a first ever national default. >> kelly wright live in washington. thank you. >>> it is time to take a look at who is talking. another big battle on capitol hill of course. the gun control debate. joe biden announced his task force regulations. we are hearing from one congressman who has a personal connection to this. >> despite the mash shoot something representative barber says he still supports the second mainedment. >> i feel very strongly that the second amendment should be protected and the supreme court has ruled and there's no question it is a right that all americans have a right to bear arms or have a rifle for that matter. but the issue of the magazines which were used in the shooting in tucson in january of 2011 that's one that we need to take a hard look at. the shooter in our case had 30 bullets in the magazine one more in the chamber in less than 45 seconds 19 people were down and 6 were killed. i saw my boss shot through the head i saw
he wants to conduct those talks separately from the gop to raise the debt ceiling. he hopes by doing so he can avert a first ever national default. >> kelly wright live in washington. thank you. >>> it is time to take a look at who is talking. another big battle on capitol hill of course. the gun control debate. joe biden announced his task force regulations. we are hearing from one congressman who has a personal connection to this. >> despite the mash shoot something...
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Feb 24, 2013
02/13
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he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it doesn't happen again. they are ready and willing to let it go into effect because think of it. what are we talking at the moment? we're not talking about republicans lack of unity on taxes. we're talking about spending, size of government. talking about additional spending. this is exactly where the republicans want the debate. >> paul: could they split over defense spending where a lot of members don't want the damage that it could do to the pentagon? >> this is where the president is going to hammer the hardest. what is notable here, even the republicans who have some qualms about how this goi
he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it...
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Jan 2, 2013
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i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might be an achievement, but patching these things that have become almost catastrophic things that could happen is, in their estimation, sort of a waste of time. >> yeah, congratulations, we just didn't fail bigger. it's frustrating to have this conversation. that you you very much for that. not only does congress have to deal with the debt ceiling next month. they also have to deal with the sequester, remember that series of cuts in federal spending that will reduce most budgets about 8% to 10%. last night's deal basically kicked automatic that down the road. an
i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might...
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Dec 20, 2013
12/13
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the president nobody will be crazy enough to debate the debt ceiling. i think they will. republicans will introduce something along the lines of what charles is talking about and it will be obamacare-related and they are smart to do that. >> maybe they could say postpone the individual mandate. >> here we go again. >> you are already there. >> slowly he turns. more on the panel and the president's news conference after this quick timeout. michael, tell us why you used priceline express deal to book this fabulous tel. wellou can see if a hotel is pet-friendly before y book it and i got great deal without bidding. and where's yoururry friend? i don't ha a cat. save up to 5 during priceline's holidahotel sale. use promo code"holiday" for amazing savings on express deal hotels. now this sale won't last forever so dash on over to priceline.com. express deals. priceline savings without the bidding. it is my goal to prevent iran from obtaining a nuclear weapon. but i sure would rather do it diplomatically. i'm keeping all options on the table, but if i can do it diplomatically,
the president nobody will be crazy enough to debate the debt ceiling. i think they will. republicans will introduce something along the lines of what charles is talking about and it will be obamacare-related and they are smart to do that. >> maybe they could say postpone the individual mandate. >> here we go again. >> you are already there. >> slowly he turns. more on the panel and the president's news conference after this quick timeout. michael, tell us why you used...
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Jan 2, 2013
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reaching its debt ceiling. i got to also say that of those now 82 republicans who are voting yes, many of them are doing it because they feel it is important to make sure that 98% of americans keep their tax cuts in place but also because tactically they see what's next is a vote or a debate where they believe they have leverage, which is on the debt ceiling. >> i appreciate your reporting. i noe it's been a colossal day, monumental task for are you both. that does it for us. ali velshi takes over our coverage next. xx >>> breaking news, i'm ali velshi in for erin burnett. the house has passed the deal, largely on party lines. in the end house lawmakers agreed to vote on the bill exactly as written. now, here is some of what is in that proposal. tax rates stay the same for couples making less than $450,000. a cap on itemized deductions for married couples making more than 3d $300,000, a one-year extension on unemployment insurance, anne crease in estate tax from 35% to 40%, and the alternative minimum tax would
reaching its debt ceiling. i got to also say that of those now 82 republicans who are voting yes, many of them are doing it because they feel it is important to make sure that 98% of americans keep their tax cuts in place but also because tactically they see what's next is a vote or a debate where they believe they have leverage, which is on the debt ceiling. >> i appreciate your reporting. i noe it's been a colossal day, monumental task for are you both. that does it for us. ali velshi...
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Jan 2, 2013
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there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now. this happened with a majority of democrats supporting this and relatively healthy number of republicans but certainly most republicans voted against this. one of the republicans who did not vote against it was the leader of the republicans, the house speaker. he voted yes. it is significant for two runs. one it is the tradition for speakers not to take votes. they do it when they want to make a point symbolically and that is clearly whathe house speaker wanted to do here. he wanted to vote for a piece of legislation which he clearly knows i
there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now....
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Jan 12, 2013
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we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a ripple effect. bottom line, hyper inflation maybe, but definitely rising prices, less money in our pockets. >> okay. i think we're trying to -- starting to get it back to where i wanted to get with you, which is talk more about what this is going to mean for the average person at home and when we talk about credit ratings and credit histories, we all have our own credit ratings that we have to worry about that we try to maintain a good credit history and a good standing with potential lenders out there. so what does it mean, if i pay all of my bills
we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a...
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mark kirk making headlines in the government shutdown and debt ceiling debate what he is doing that no other republican has done in the latest on the political back and forth in washington. a deli worker in new york refuses to back down even when faced with a gun. the weather forecast is coming up. the day my doctor told me i had diabetes, i remember thinking there's a lot i have to do... check my blood sugar, eat better. start insulin. today i learned there's something i don't have to do anymore. my doctor said with levemir® flexpen... i don't have to use a syringe and a vial. levemir® flexpen comes prefilled with long-acting insulin taken once daily for type 2 diabetes to help control high blood sugar. dial the exact dose. inject by pushing a button. no drawing from a vial. no refrigeration for up to 42 days. levemir® (insulin detemir [rdna origin] injection) is not recommended to treat diabetic ketoacidosis. do not use levemir® if you are allergic to any of its ingredients. the most common side effect is low blood sugar, which may cause symptoms such as sweating, shakiness, conf
mark kirk making headlines in the government shutdown and debt ceiling debate what he is doing that no other republican has done in the latest on the political back and forth in washington. a deli worker in new york refuses to back down even when faced with a gun. the weather forecast is coming up. the day my doctor told me i had diabetes, i remember thinking there's a lot i have to do... check my blood sugar, eat better. start insulin. today i learned there's something i don't have to do...
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Jan 15, 2013
01/13
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there's this one over the debt ceiling. there's a continuing resolution to actually fund the government. then there's sequestration. yesterday politico reporting that house gop members are gearing up for a fight over the debt ceiling, but now you have people like newt gingrich, choice of reason in the wilderness. let's play the sound. he is advocating for them not to fight over this. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. they have much better news to fight over spending. they have a continuing resolution that funds government, which comes up at the end of march, and they have this sequester that automatically cuts spending. >> gingrich isn't saying lay down your arms, but he is saying there are better battles ahead. >> he is saying you're going to lose this debt fight because -- he has said previously that the entire global world of finance is going to come into washington the week before the debt ceiling is hit and they're going to
there's this one over the debt ceiling. there's a continuing resolution to actually fund the government. then there's sequestration. yesterday politico reporting that house gop members are gearing up for a fight over the debt ceiling, but now you have people like newt gingrich, choice of reason in the wilderness. let's play the sound. he is advocating for them not to fight over this. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united...
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i think what -- most countries in the world don't have a debt ceiling. when government -- when the congress and their equivalent appropriates the money, the government has the borrowing authority to pay for the imra money they borrow. ben bernanke said yesterday, we have to stop having these dibait overs the debt ceiling, it's a stupid idea. the head of the federal reserve. i think the democrats are frustrated. i think that's why they passed this bill -- >> neil: where was their frustration 7 years ago, when the folk who is were urging this very action today voted against raising the debt ceiling when george bush was president? where was the great constitutional resolve? >> i don't disagree with ow this. there are politics on both sides. i don't think anyone thinks this is going to pass. let's be clear. but there is growing frustration about the way the republicans are using this to go around the normal committee process -- >> neil: what were they doing seven years ago? were they going around the republican president to get their way? >> no. at the end o
i think what -- most countries in the world don't have a debt ceiling. when government -- when the congress and their equivalent appropriates the money, the government has the borrowing authority to pay for the imra money they borrow. ben bernanke said yesterday, we have to stop having these dibait overs the debt ceiling, it's a stupid idea. the head of the federal reserve. i think the democrats are frustrated. i think that's why they passed this bill -- >> neil: where was their...
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Jan 9, 2013
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we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and acc
we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury...
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Oct 8, 2013
10/13
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by breaching the debt ceiling? and the reason we talk about the tea party is the core tea party caucus in your party that is saying essentially, like ted ohoe of florida cdid, we could breach the debt ceiling and it wouldn't be a big deal? do you agree with that? >> no, i think it would be a very big deal. but i also know that every major spending reduction legislation over the last 30 years has been done in conjunction with the debt ceiling. that's been true of both parties. it was true of ronald reagan, bill clinton, george herbert walker bush or even president obama. just a year-plus ago. and so our best opportunity to get our budget under control is in conjunction with the debt ceiling. frankly, because it's a big deal, the president should be negotiating with us to make sure it's not breached. we're losing days, because the president refuses to talk. >> do you agree that the affordable care act is part of nondiscretionary spending? >> well, i think parts of the affordable care act are part of nondiscretionary
by breaching the debt ceiling? and the reason we talk about the tea party is the core tea party caucus in your party that is saying essentially, like ted ohoe of florida cdid, we could breach the debt ceiling and it wouldn't be a big deal? do you agree with that? >> no, i think it would be a very big deal. but i also know that every major spending reduction legislation over the last 30 years has been done in conjunction with the debt ceiling. that's been true of both parties. it was true...
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Jan 10, 2013
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 16, 2013
10/13
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possibility of a debt ceiling catastrophe. spooked the market. dow sinking 130 in points in nasdaq declining 0.56%. yep, today it became clear that all the nice things we've been hearing about the deal on thursday had nothing to do with the reality because the pleasant tiding was all in the senate. they're just scared. not the senate. the senate is scared, the house isn't. the house of representatives as we keep discovering is a horse of a different color. from the very beginning you never expected the senate to reject a debt ceiling increase, and not just because it's controlled by the democrats. there are enough republican senators who have been around for a while and talk to the business community to know a disaster looms if we don't do something. there aren't enough in the house for certain. first of all, i am unwavering in my belief that if we default it will be financially catastrophic. fitch just placed u.s. debt on a negative ratings watch this evening in the sign of real trouble if the debt ceiling isn't raised. no kidding. they should b
possibility of a debt ceiling catastrophe. spooked the market. dow sinking 130 in points in nasdaq declining 0.56%. yep, today it became clear that all the nice things we've been hearing about the deal on thursday had nothing to do with the reality because the pleasant tiding was all in the senate. they're just scared. not the senate. the senate is scared, the house isn't. the house of representatives as we keep discovering is a horse of a different color. from the very beginning you never...
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Jan 4, 2013
01/13
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obviously with the debt ceiling, the big problem right in front of us, conservatives will say, look, we need to leverage that, because we can't keep the democrats from spending unless we have a really, really powerful tool and the debt ceiling's a very powerful tool. on the other hand, democrats are saying, are you kidding me? that's not the kind of tool you should be using. and we actually do hear conservatives and business leaders saying the same thing as democrats it seems. don't be using that. it's killing us. i'd love to get your perspective on that. >> it's a very dangerous tool. it's one that i hope people only threaten to never use. because if we stop paying our bills, that will have as a country, that will have a massive impact on our economy. and it basically will remove what is the full faith and credit of the united states. this is something that we have as an asset we are basically the world's reserve currency and this can all change if all of a sudden we stop paying our bills. so, you know, it is a very dangerous weapon. and, you know, in many ways you can call it the n
obviously with the debt ceiling, the big problem right in front of us, conservatives will say, look, we need to leverage that, because we can't keep the democrats from spending unless we have a really, really powerful tool and the debt ceiling's a very powerful tool. on the other hand, democrats are saying, are you kidding me? that's not the kind of tool you should be using. and we actually do hear conservatives and business leaders saying the same thing as democrats it seems. don't be using...
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Jan 3, 2013
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with the debt ceiling he says we're only dealing with the debt ceiling. if you want to debate when it comes to cuts we'll deal with that when it comes to sequestration. that 60 day pushing out that's what he has done. the republicans want spending cuts to be a part of fiscal cliff and debt ceiling and sequestration he is saying no, put it in one area. it's a smart tactical move. we'll see if he can keep them at bay. >> president obama when he was senator obama voted against raising the debt limit as well. they use the limited leverage they have and barack obama recognized that in the past and thinks that should be taken off the table. that's fair enough. this is connected to the sequester deal as well. he will need goodwill from republicans to get movement on the sequester as well. these things are not going to be easily separated. >> but the key is incumbent on the president to be aggressive and work with them and offer entitlement reform. >> delinking them doesn't make sense. >> they are coming due at the same time. >> they are coming due at the same ti
with the debt ceiling he says we're only dealing with the debt ceiling. if you want to debate when it comes to cuts we'll deal with that when it comes to sequestration. that 60 day pushing out that's what he has done. the republicans want spending cuts to be a part of fiscal cliff and debt ceiling and sequestration he is saying no, put it in one area. it's a smart tactical move. we'll see if he can keep them at bay. >> president obama when he was senator obama voted against raising the...
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. >>> the president talked forcefully he will not negotiate about the debt ceiling. let me play what one of your republican colleagues told me about that yesterday. >> would you be willing if you don't get the cuts that you think are necessary, would you be willing to go into default or shut down the government? >> i think there is a way to avoid default, if it requires shutting down certain portions of the government, let's like at that. >> are you worried about a shutdown or worse, are you worried about default? >> i'm worried about both. default is like saying i ran up my credit card and now i'm not going to pay you it's going to be bad for the united states. i think we need to pay our xwils. that's the first thing. with respect to shutting down the government so we save money. we know anytime we shut down the government, we actually spend more money in the long run. i do believe we need or national parks or rangers there. i do believe that it is important for us to ramp up our transportation to fill those potholes, to make those connectors, to give money to am tr
. >>> the president talked forcefully he will not negotiate about the debt ceiling. let me play what one of your republican colleagues told me about that yesterday. >> would you be willing if you don't get the cuts that you think are necessary, would you be willing to go into default or shut down the government? >> i think there is a way to avoid default, if it requires shutting down certain portions of the government, let's like at that. >> are you worried about a...
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they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about interest rates going up and they worry about the impact on our deficit. because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the debate over the debt ceiling and the budget show dunn. all three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doi
they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about interest rates going up and they worry about the impact on our deficit. because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the...
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with the debt ceiling he's saying we're only dealing with the debt ceiling. if you want to have a debate when it comes to cuts then we'll deal with that. when it comes to sequestration. that important piece in the fiscal cliff deal the 60 day pushing out that's what he has done. the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be taken off the table. the thing is this is connected to the sequester deal as well. president obama needs goodwill from republicans if he's going get movement on the sequester as well. these things are not going to be that easily separated. >> but the key is that it's incumbent upon the president to move a
with the debt ceiling he's saying we're only dealing with the debt ceiling. if you want to have a debate when it comes to cuts then we'll deal with that. when it comes to sequestration. that important piece in the fiscal cliff deal the 60 day pushing out that's what he has done. the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people...
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Jan 15, 2013
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he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presidency. then that really had the wind at their back. the tea party election of 2010 had given republicans very big numbers on the hill. and he's decided that he backed up, and he backed up and he backed up, and he's not going to back up anymore. he took his argument to the american people in the election. he won the election. they held the house, that is true. but he's decided that he's been vindicated by public opinion broadly, and he's going to try to hold that ground. the question is going to be, larry, at the end of the year on the tax issue, he had the hammer behind him of the expiration of all the bush tax cuts. he does not have that hammer right now. what he has is the prospect of a catastrophic standoff between republicans and democr
he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presidency. then that really had the wind at their back. the tea party election of 2010 had given republicans very big numbers on the hill. and he's decided that he backed up, and he backed up and...
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Jan 14, 2013
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ceiling or the debt limit. where do we go from here? joining me now live mark murray. mark, obviously, the first thing at least some conservatives brought up with the president is that he has taken a different stance in the past when it came to the debt ceiling. >> well, in 2006, then senator barack obama ended up voting against a raise in the debt ceiling. republicans have seized on that saying that the position that president obama's taking today and also in 2011 is inconsistent with that 2006 vote. there is one very big difference between now and 2006. 2006 there wasn't this kind of big protracted battle over the debt ceiling at all. it wasn't a big issue. i was covering politics for nbc at the time. the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between
ceiling or the debt limit. where do we go from here? joining me now live mark murray. mark, obviously, the first thing at least some conservatives brought up with the president is that he has taken a different stance in the past when it came to the debt ceiling. >> well, in 2006, then senator barack obama ended up voting against a raise in the debt ceiling. republicans have seized on that saying that the position that president obama's taking today and also in 2011 is inconsistent with...
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senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to uphold the constitution and leave this country better than how we found it. we can't keep spending our kids inheritance, can't keep spending their money, we don't have it. >> greta: apparently he has threatened, i think his statement, at least people-- that in the event, congress doesn't authorize to raise that debt ceiling that he will do it unilaterally himself and he thinks he has the authority. do you >> absolutely not. under the 14th amendment of the constitution you can only do this as authorized by law and law is only created through the united states congress. so the president has absolutely no gr
senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to...
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Oct 2, 2013
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down the road i mean like two weeks on the debt ceiling. they want to keep some chips out there for themselves. they feel like if they're going to negotiate on -- democrats feel like if they're going to negotiate away some of these key things now, then they are going to have nothing left when it comes to the really big issue that could completely kill the global economy. at least that's what a lot of economists warn about. >> they're always holding off to get the last best deal. >> let me bring in republican congressman king of new york who has been leading the fight in his own party against funding obama care. to you what is the essential difference to the way this was the last time the government shut down? a lot of critics of the republican position on this have said, well look, it is very difficult for the democrats to negotiate or for the white house to strike a deal with john boehner because he's not in control of the republican party in this on capitol hill. >> thank you, anderson. rick lazio and i were there together in '95 and '96.
down the road i mean like two weeks on the debt ceiling. they want to keep some chips out there for themselves. they feel like if they're going to negotiate on -- democrats feel like if they're going to negotiate away some of these key things now, then they are going to have nothing left when it comes to the really big issue that could completely kill the global economy. at least that's what a lot of economists warn about. >> they're always holding off to get the last best deal. >>...
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this is all about framing for the 2014 elections and for the debt ceiling show down. and on that regard, it was smart politics. it makes it sound like president obama cares about the little guy, cares about the middle class, and is going to put the republicans in this position of seeming like they're ideological, saying if you don't defund obama care, we're going to shut down the government. i think the republicans could do better at getting a serious reform agenda through, they have one, but haven't figured out how to message properly. >> the "the new york times" says the economy is far stronger than four and a half years ago. most economists believe growth will pick up next quarter and second half of the year. one thing could screw things up if you have a manufactured crisis and republicans play brinksmanship. if we stand pat, if we don't do anything, unemployment won't go down as fast as it should, income and equality continue to rise, wages and income continue to be flat and that's not a future we should accept. what about that in context of new studies that show
this is all about framing for the 2014 elections and for the debt ceiling show down. and on that regard, it was smart politics. it makes it sound like president obama cares about the little guy, cares about the middle class, and is going to put the republicans in this position of seeming like they're ideological, saying if you don't defund obama care, we're going to shut down the government. i think the republicans could do better at getting a serious reform agenda through, they have one, but...
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Jan 19, 2013
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president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> republicans made their choice today during a gop retreat in williamsburg, virginia. house majority leader eric cap tore reportedly announced plans to pass a bill extending the debt limit for an additional three months. it's the clearest signs yet republicans have no intention of ever defaulting on the country's debt. in a statement the white house responding, saying, we are encouraged. there are signs congressional republicans may back off their insistence on holding our economy hostage to extract drastic cuts in medicare, education and programs middle class families depend on. the temporary nature of the increase is somewhat troubling. a white house official told nbc news it's a terrible way to run the country. but the aid
president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> republicans made their choice today during a gop retreat in williamsburg, virginia. house majority leader eric cap tore reportedly announced plans...
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Jan 14, 2013
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regarding the debt ceiling. is that something that republicans are willing to do here, or it must be linked? the two have to go hand in hand? >> reporter: they are insisting, and when i say they, i'm talking about house republicans and the senate republican leader, but they have to go hand in hand. this is something that we heard over and over and over again when we had this debate the last time, back in the summer of 2011. andion that ve ioion you know t suzanne. but the house speaker and his aides are telling us that they really mean it this time. that there has to be a dollar of spending cuts for every dollar that the u.s. agrees to raise the debt limit. and that they would even go for a two or three-month extension as they try to work on a more global discussion of cutting spending. but even if there's an extension, it has to go point by point. the other thing i want to mention, suzanne, which i thought was really interesting, after covering the white house under george bush, that last question about the fac
regarding the debt ceiling. is that something that republicans are willing to do here, or it must be linked? the two have to go hand in hand? >> reporter: they are insisting, and when i say they, i'm talking about house republicans and the senate republican leader, but they have to go hand in hand. this is something that we heard over and over and over again when we had this debate the last time, back in the summer of 2011. andion that ve ioion you know t suzanne. but the house speaker...
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if this up against the debt ceiling fight that potentially we may have. if something big is not done you could have outrage. >> if something isn't done to control the deficit ratios that we are going to face another downgrade down the road. you look at people who are doing the math like moody's, who is nonpartisan. they are out there evaluating the risk of lending people money they say that j.p. morgan is out with a note to call it ten-year mirage. saying down the road it covers 6% of the gap. it doesn't sol tv problem as you explained. >> bret: as always, thank you. >> thank you. >> bret: president obama signs on to something with no fanfare. and no comments. trechtly contradicts how senator obama the candidate talked about the issue. we will tell you what it is later in the grapevine. up next, health update regarding secretary of state hillary clinton. [ ryon ] eating shrimp at red lobster is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry
if this up against the debt ceiling fight that potentially we may have. if something big is not done you could have outrage. >> if something isn't done to control the deficit ratios that we are going to face another downgrade down the road. you look at people who are doing the math like moody's, who is nonpartisan. they are out there evaluating the risk of lending people money they say that j.p. morgan is out with a note to call it ten-year mirage. saying down the road it covers 6% of the...
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they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the deficit, america cannot afford another debate with this congress about whether or not they should pay the bills they have racked up. what i will not do is to have that negotiation with gun at the head of the people. >> dana: interesting choice of words to describe that. eric, you talked about not wanting the country to lurch from crisis to crisis. most americans would agree and want washington to fix fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid
they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the...
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to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to acknowledge what every family knows. when you have no more money in the account and credit cards are maxed stop. that made employers less likely to hire. we can't afford that uncertain ty even with the threat of a default. it could trigger a global recession . >> tomorrow on fox news sunday. john roberts with chris wallace . his guest republican jim jordan from ohio and democratic chris van hollen. check your time for times. >> fox news confirms that and it is chuck haggerty. and james rosen has this report. >> jamie, good evening. two democratic sources confirm to ed henry late yesterday that pre
to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to acknowledge what every family knows. when you have no more...
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they would raise the debt ceiling the president would agree negotiating budget terms that could lead to reopening the government. it sounded like things were on track. >> if they were to send a clean debt ceiling extension, no partisan strings attached he would sign it. >> but then problems if the president was willing to deal senate majority leader harry reid was not rejecting that stage plan outright. >> republicans were clear they wanted to renegotiate. >> that's not going to happen. >> are are we back to square one? republicans are hopeful something will work out. >> the president said he would go and consult with the administration folks and hopefully we can see a way forward after that. >> we will see if a way forward comes up here. meantime we know the markets loved it. the dow soared more than 300 points. heather and ainsley. >> doug luzader we are going to talk more about that in the business angle now. >> absolutely. >> a debt ceiling deal has sent stocks sky rocketing. ainsley, such a good day yesterday. republicans say they want to extend the government's ability to borro
they would raise the debt ceiling the president would agree negotiating budget terms that could lead to reopening the government. it sounded like things were on track. >> if they were to send a clean debt ceiling extension, no partisan strings attached he would sign it. >> but then problems if the president was willing to deal senate majority leader harry reid was not rejecting that stage plan outright. >> republicans were clear they wanted to renegotiate. >> that's not...
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Aug 20, 2013
08/13
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the republicans want lots of conditions to raise the debt ceiling. >> all right. thank you as always. we will see you soon on the sequester wheel of misfortune. >>> up next, for richer or poorer, who the real public servants are as "the cycle" rolls on for tuesday, august 20th. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. with 7 antioxidants to support cell health. one a day women's 50+. but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis
the republicans want lots of conditions to raise the debt ceiling. >> all right. thank you as always. we will see you soon on the sequester wheel of misfortune. >>> up next, for richer or poorer, who the real public servants are as "the cycle" rolls on for tuesday, august 20th. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy...
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Jan 15, 2013
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president obama yet on his news conference said raising the debt ceiling will not raise our debt ceiling. all we've raised the debt, we have to may more interest. that in it/will increase the spending. we have a spending problem in this country. that's what we need to address. >> what is your biggest bone of content with john boehner? you've been very public about the fact that you don't think his leadership is something you wanted over this new congress, you didn't vote for him to be the speaker. what is your main problem with him? >> i have no personal problems. i keep hearing that. he himself said i carrying no grudges. we've talked several times. the point is to let him know with le stand up to leadership and hold him account annual. i think that's important to know. that really is on both sides of the aisle. if you go back there were people that challenged the leadership, too. i think that's a good thing. you have new members of congress willing to stand up and saying let's rethink this. let's put america first, not necessarily party politics. i fired the first volley that you would
president obama yet on his news conference said raising the debt ceiling will not raise our debt ceiling. all we've raised the debt, we have to may more interest. that in it/will increase the spending. we have a spending problem in this country. that's what we need to address. >> what is your biggest bone of content with john boehner? you've been very public about the fact that you don't think his leadership is something you wanted over this new congress, you didn't vote for him to be the...
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he's not negotiating over the debt ceiling. michael, is this more of what we're going to hear from him today? is he going to lay the groundwork for the battle ahead? >> i think so. to some degree i think what's happening is a game of chicken unfortunately. i know the financial markets hate it. and it kind of turns your stomach a little bit. but obama has said we're absolutely not negotiating over the weekend a significant event when the treasury department ruled out this kind of fantastical sounding option of minting a trillion dollar platinum coin. so they've closed yet another door, and he's essentially said, you know, i'm just not playing ball. i read that politico story today as very interesting. it could be john boehner's camp saying we can't control the far right wing. it could also be a little bit of a bluff. it may be that boehner really feels that way or maybe he wants the white house the think he feels that way and it could be, again, part of this grand game of chicken. everyone is positioning right now. that's what's
he's not negotiating over the debt ceiling. michael, is this more of what we're going to hear from him today? is he going to lay the groundwork for the battle ahead? >> i think so. to some degree i think what's happening is a game of chicken unfortunately. i know the financial markets hate it. and it kind of turns your stomach a little bit. but obama has said we're absolutely not negotiating over the weekend a significant event when the treasury department ruled out this kind of...
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Oct 15, 2013
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we cannot just raise the debt ceiling for another year and a trillion dollars in debt to the debt that we owe -- already have of $17 trillion. it is kind of like going to the bank. when you go to the bank and you talk to the banker and you say i want alone, i want to increase the loan and raise my credit limit. the banker would say, he maybe willing to give you the loan but he is going to say what are you going to do to address the underlying problem, the problem you have that you are spending more than you're taking in, what are you going to do to address that? and i am sure if you said i am not going to do anything to address it, you might have a hard time getting blown, right? that is true whether you are a family or a business. that is true for the federal government. so let's put the necessary savings and reforms in place. the president and his budget identified more than $600 billion in changes and savings and reforms that he could support to mandatory spending programs. we have talked to him about those time and again. now is the time to implement those savings and reforms to th
we cannot just raise the debt ceiling for another year and a trillion dollars in debt to the debt that we owe -- already have of $17 trillion. it is kind of like going to the bank. when you go to the bank and you talk to the banker and you say i want alone, i want to increase the loan and raise my credit limit. the banker would say, he maybe willing to give you the loan but he is going to say what are you going to do to address the underlying problem, the problem you have that you are spending...
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Jan 3, 2013
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is there going to be more leverage for democrats in the upcoming debt ceiling spending talks? three more fiscal cliff-ish things we need to deal with? >> reporter: well, republicans certainly feel they have the leverage in the debt ceiling talks, because they -- many of them think there is no problem reaches the debt limit and putting the country in jeopardy like that in order to stick to principle, in order to say we're just not going to do that until we cut spending. the only reason why we are reaching the debt ceiling is because there has been too much federal spending. so i don't think there's going to be a lot of backtracking on that. but you also have on the other side democrats who say that, you know, they're still going to push for what they believe is right, and they're not going to let republicans push them into something they don't want to do, like we saw about a year and a half ago when we had the big debt ceiling fight. it led us to have the mandatory spending cuts. so it is a cycle and it is anybody's guess at each step of the way who will really have the upper h
is there going to be more leverage for democrats in the upcoming debt ceiling spending talks? three more fiscal cliff-ish things we need to deal with? >> reporter: well, republicans certainly feel they have the leverage in the debt ceiling talks, because they -- many of them think there is no problem reaches the debt limit and putting the country in jeopardy like that in order to stick to principle, in order to say we're just not going to do that until we cut spending. the only reason why...
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Feb 10, 2013
02/13
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the results of a deal to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's
the results of a deal to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the...
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Jan 15, 2013
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Jan 9, 2013
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up next, will president obama try a political end-around congress on the debt ceiling? humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. >> bret: 11 people were hurt when a commuteer ferry slammed in a dock in the financial district. it happened at the pier in southern manhattan. 330 passengers and crew were aboard the ferry. around 50 suffered minor injuries. no word yet on the 'cause. police say the ferry crew passed alcohol-breath tests. house democrats throw out the first jab in what is expected to be a political fistfight over the debt ceiling. the president has the authority to circumvent congress and raise the bar rowing limit on its own. -- wor rowing limit on
up next, will president obama try a political end-around congress on the debt ceiling? humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ ♪ we're lucky, it's not every day you find a companion as loyal...
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Jan 14, 2013
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ceiling and your own debt ceiling and doesn't it suggest we're going into a default situation because no one is talking to each other about this. >> no, major, i think if you look at the history. getting votes for the debt ceiling is difficult and votes in in town are difficult. i went through this last year. what is different we never saw a situation like we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting. >> lou dobbs is the host of lou dobbs tonight on the fox business network. lou, welcome back. what an extraordinary exchange we saw the president have on that issue. basically his position was, we're raising the debt ceiling whether congress wants to or not. i'm not negotiating with them on it. i'm not following what speaker boehner said is the boehner rule of for every dollar we increase the debt limit there will be a spending cut and i'm not going to let them put a gun at the heads of american people because in his terms, they refuse to pay the bills that they've agreed to pay and when asked about the
ceiling and your own debt ceiling and doesn't it suggest we're going into a default situation because no one is talking to each other about this. >> no, major, i think if you look at the history. getting votes for the debt ceiling is difficult and votes in in town are difficult. i went through this last year. what is different we never saw a situation like we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting....